Short answer
Hanover Bancorp, Inc. /MD (HNVR) filed its Q1 2026 10-Q quarterly report on May 8, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $32M (down 1.7% year over year) with net income of $2M.
Q1 2026 key financials · XBRL
- Revenue
- $32M
- −1.7% YoY
- Net income
- $2M
- +23.2% YoY
- EPS (diluted)
- $0.25
- +25.0% YoY
Source: XBRL data from the Hanover Bancorp, Inc. /MD (HNVR) Q1 2026 10-Q on SEC EDGAR. USD.
Hanover Bancorp, Inc. /MD Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net income $1.9M vs $1.5M YoY
- Net interest income $16.4M vs $14.6M; margin 2.96% vs 2.68%
- Best performer net interest income, up $1.7M; weakest non-interest income $2.7M vs $3.7M
- Non-interest expense $15.6M vs $16.0M; severance benefit approximately $2.2M
- Non-accrual loans $24.6M vs $11.7M YoY; allowance coverage 78% vs 196%
Risk Factors
- No material changes to 2025 Form 10-K risk factors
- Subordinated notes due 2036 introduced at 7.25% fixed-to-floating interest
- Repurchase-program authorization: 284,075 shares remaining as of March 31, 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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